September 04, 2008
PROPERTY Sector Key to China Economy?
"We believe that the outlook for robust growth in China hinges critically on
the sustainability of investment growth in the property sector. Indeed, it is
hard to justify a positive outlook for the Chinese economy in the next 12-24
months, unless one remains constructive about the role of the property sector as
an engine of growth, particularly in some areas (e.g., Chongqing)."
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